Why Should You Put Bristol-Myers Squibb Co. (NYSE: BMY) On Your Portfolio?

Currently, there are 2.03B common shares owned by the public and among those 2.03B shares have been available to trade.

The company’s stock has a 5-day price change of 0.00% and 18.14% over the past three months. BMY shares are trading 2.83% year to date (YTD), with the 12-month market performance down to -6.55% lower. It has a 12-month low price of $39.35 and touched a high of $56.77 over the same period. BMY has an average intraday trading volume of 12.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.41%, 4.44%, and 10.29% respectively.

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Institutional ownership of Bristol-Myers Squibb Co. (NYSE: BMY) shares accounts for 77.30% of the company’s 2.03B shares outstanding.

It has a market capitalization of $106.97B and a beta (3y monthly) value of 0.45. The earnings-per-share (ttm) stands at -$3.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.93% over the week and 2.35% over the month.

Earnings per share for the fiscal year are expected to decrease by -90.68%, and 891.93% over the next financial year. EPS should shrink at an annualized rate of -3.91% over the next five years, compared to 5.14% over the past 5-year period.

Looking at the support for the BMY, a number of firms have released research notes about the stock. Bernstein stated their Mkt Perform rating for the stock in a research note on October 17, 2024, with the firm’s price target at $56. Barclays coverage for the Bristol-Myers Squibb Co. (BMY) stock in a research note released on July 29, 2024 offered a Equal Weight rating with a price target of $41. Societe Generale was of a view on March 11, 2024 that the stock is Hold, while Redburn Atlantic gave the stock Neutral rating on February 06, 2024, issuing a price target of $77- $54. BofA Securities on their part issued Neutral rating on January 03, 2024.

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